4//SEC Filing
Garcia Philipp 4
Accession 0001562180-21-006516
CIK 0001109546other
Filed
Oct 18, 8:00 PM ET
Accepted
Oct 19, 2:54 PM ET
Size
14.0 KB
Accession
0001562180-21-006516
Insider Transaction Report
Form 4
Transactions
- Sale
Stock Options (Right to buy)
2021-10-18$9.31/sh−5,047$46,988→ 0 totalExercise: $8.15Exp: 2028-02-21→ Common Stock (5,047 underlying) - Sale
Stock Options (Right to buy)
2021-10-18$9.31/sh−3,085$28,721→ 0 totalExercise: $7.10Exp: 2025-02-17→ Common Stock (3,085 underlying) - Sale
Stock Options (Right to buy)
2021-10-18$9.31/sh−4,000$37,240→ 0 totalExercise: $6.47Exp: 2022-10-09→ Common Stock (4,000 underlying) - Sale
Common Stock
2021-10-18$9.31/sh−40,152$373,815→ 0 total - Sale
Stock Options (Right to buy)
2021-10-18$9.31/sh−7,500$69,825→ 0 totalExercise: $6.95Exp: 2026-06-14→ Common Stock (7,500 underlying)
Footnotes (1)
- [F1]Pursuant to the Merger Agreement by and between Pacific Mercantile Bancorp and Banc of California, Inc. dated March 22, 2021 (the "Agreement"), all vested shares of Pacific Mercantile Bancorp will be converted to Banc of California, Inc. shares at a 2:1 ratio. The vesting of all options, RSAs and RSUs (the "Incentives") were accelerated and cashed out upon the close of the merger that occurred on October 18, 2021. The price per share used to cash out these Incentives was $9.31, and was determined pursuant to the Agreement.
Documents
Issuer
PACIFIC MERCANTILE BANCORP
CIK 0001109546
Entity typeother
Related Parties
1- filerCIK 0001808210
Filing Metadata
- Form type
- 4
- Filed
- Oct 18, 8:00 PM ET
- Accepted
- Oct 19, 2:54 PM ET
- Size
- 14.0 KB